# Decision (EU) 2019/2194 of the European Central Bank of 29 November 2019 on the granting of signing powers (ECB/2019/33), Article 1: Functional signing powers

Extent: E+W+S+N.I.

1. By virtue of their function, persons shall be authorised in their respective areas of responsibility to legally commit the ECB to third parties as further specified in Annex I and II.
2. For the purpose of determining a category under paragraph 1 in cases where it is not possible to clearly determine the net value of the commitment entered into, a reasonable and cautious estimation shall be made. This estimation shall take into account potential risks involved for the ECB, in particular financial and reputational risks.

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Source: https://www.legislation.gov.uk/eudn/2019/33/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2019-33/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.